01-08-2016, 09:55 AM
(12-21-2015, 12:40 AM)SickBeast Wrote: Well the currency situation is largely outside of our control unfortunately. The Arabs are driving down the price of oil and we are getting hammered because of it.
It's really the US driving down the price... the US is in control, don't ya realize? That's why we took over Iraq and became the world's #1 oil producer! Teh lulz aside, as of 2014:
Quote:The US produced 15.9% more oil in 2014 at 11.6 million barrels of oil per day to topple Saudi Arabia's 11.5 million bpd production, ...http://economictimes.indiatimes.com/articleshow/47616052.cms
Russia with 10.8 million bpd oil production was placed third.
The US surpassed Russia as the world's largest producer of oil and gas, producing 1,250.4 million tons of oil and oil equivalent natural gas in 2014. This compared with Russia's 1,062 million tons of oil equivalent.
BP said the US shale revolution helped it overtake "Saudi Arabia as the world's biggest oil producer and surpass Russia as the world's largest producer of oil and gas."
Actually, it's to keep Russia tamed. Russia was really starting to flourish and spend more than 10x as much on military as in say, 2001-2002 and the US feels threatened by that. This strategy is a piece of cake as the US can easily afford to manipulate Russia's economy - especially by exporting oil ourselves for cheap.
Imagine Dubai running out of money (and oil) - with half of its skyscrapers being left half-built!!! Oooohhh... better visit Dubai before this happens, while there are cops driving Lamborghini police cars!

